Core Viewpoint - Jiewater (688141.SH) is adopting an aggressive acquisition strategy to attract potential investors during a critical period for the Hong Kong stock market, with a recent investment of 418 million yuan to acquire a 66.25% stake in New Port Coast (Beijing) Technology Co., Ltd at a high premium of 657% despite the target being in a loss-making state [1][4][5]. Group 1: Acquisition Details - Jiewater, along with its partners, is purchasing 66.2484% of New Port Coast from 16 shareholders for a total of 418 million yuan, with Jiewater contributing 126 million yuan for 20% of the shares [3]. - The acquisition does not grant Jiewater control over New Port Coast, which will remain without an actual controller post-transaction, thus not included in Jiewater's consolidated financial statements [3][4]. - The valuation of New Port Coast shows a significant increase, with a book value of 83.7038 million yuan and a market valuation of 634 million yuan, resulting in a premium of 657.43% [4]. Group 2: Financial Performance and Risks - New Port Coast is currently struggling with losses, reporting a revenue of 61.2269 million yuan and a net loss of 93.8777 million yuan for the fiscal year 2024, with no signs of improvement in early 2025 [5][6]. - Jiewater's financial health is under pressure, with its debt ratio increasing from 42.81% at the end of 2024 to 56.19% by June 30, 2025, due to the recent acquisitions and reliance on bank loans [8][9]. - The company has experienced a net loss of 295 million yuan in the first half of 2025, despite a revenue increase of 58.20% year-on-year, indicating ongoing challenges in profitability [7][9].

Core Viewpoint - Jiahua Technology (688141.SH) announced a joint investment to acquire a stake in New Port Coast (Beijing) Technology Co., Ltd. with two partners, which constitutes a related party transaction but does not qualify as a major asset restructuring [1][2]. Group 1: Transaction Details - Jiahua, along with Xiamen Jianda Xinjie Investment Partnership and Xiamen Huijie Jiaying Enterprise Management Partnership, plans to acquire a total of 66.2484% of New Port Coast's shares from 16 shareholders for a total price of 417.9656 million yuan [2]. - Jiahua will acquire 20% of New Port Coast for 126.1818 million yuan, Jianda will acquire 38.3233% for 241.7838 million yuan, and Huijie will acquire 7.9251% for 50 million yuan [2]. - After the transaction, Jiahua will hold a total of 35.3677% of New Port Coast's shares and will appoint one director to the company's board [2]. Group 2: Financial Performance of New Port Coast - New Port Coast's projected revenues for 2024 and Q1 2025 are 61.2269 million yuan and 13.7223 million yuan, respectively, with net losses of -93.8777 million yuan and -25.7826 million yuan for the same periods [2]. - The net profit after deducting non-recurring gains and losses for 2024 and Q1 2025 is projected to be -96.9728 million yuan and -25.9999 million yuan, respectively [2]. Group 3: Jiahua's Financial Performance - In the first half of 2025, Jiahua reported a revenue of 1.187 billion yuan, a year-on-year increase of 58.20%, while the net profit attributable to shareholders was -295.1 million yuan, an improvement from -337 million yuan in the same period last year [4][5]. - The net cash flow from operating activities for the first half of 2025 was -97.2 million yuan [5]. - Jiahua has experienced losses for two consecutive years, with net profits of -531.4 million yuan and -603.4 million yuan for 2023 and 2024, respectively [8].

Group 1 - Zhonglun New Materials plans to reduce its shareholding by up to 4 million shares, accounting for 1% of the total share capital [1] - Haojiang Intelligent plans to reduce its shareholding by up to 1.5 million shares, accounting for 0.8364% of the total share capital [1] - Dekeli plans to reduce its shareholding by up to 474,180 shares, accounting for 3% of the total share capital [1][2] Group 2 - Fosun Pharma's subsidiary has received FDA approval for its HLX14 injection, intended for treating osteoporosis in postmenopausal women [3][4] - Shengtai Group plans to reduce its shareholding by up to 16.67 million shares, accounting for 3% of the total share capital [5] - Fangyuan Co. plans to reduce its shareholding by up to 15.3 million shares, accounting for 3% of the total share capital [6] Group 3 - Shenkai Co. completed a tender offer, resulting in 14.5655 million shares being accepted, giving the acquirer a 9.71% stake [8] - Guangdong Construction's 90MW solar-storage project in Tibet has achieved full capacity grid connection [9] - Kesi Technology plans to reduce its shareholding by up to 471,220 shares, accounting for 3% of the total share capital [9] Group 4 - Zhongtai Automobile's subsidiary faces forced execution, impacting its operational capacity [10] - Weima Agricultural Machinery plans to reduce its shareholding by up to 960,000 shares, accounting for 0.98% of the total share capital [10] - Tianqi Co. signed a strategic cooperation agreement with EVE Energy to enhance the lithium battery supply chain [11] Group 5 - Sudavige plans to acquire up to 51% of Changzhou Weipu Semiconductor Equipment Co. for a total valuation of up to 1 billion yuan [12] - Dengyun Co. plans to transfer 75% of its subsidiary's equity for 137 million yuan [13] - Sierte has received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations [14] Group 6 - Enjie Co. received a VAT refund of 188 million yuan for its subsidiary [15] - Jiama Clothing plans to reduce its shareholding by up to 366,000 shares, accounting for 0.28238% of the total share capital [16] - Xinong Co. plans to reduce its shareholding by up to 1.05 million shares, accounting for 0.6737% of the total share capital [17] Group 7 - Jiewate plans to jointly acquire 66.25% of Xinguang Haian for a total price of 418 million yuan [18] - Hubei Energy reported an increase in power generation by 22.05% year-on-year in August, with a total of 5.020 billion kWh generated [19][20] - Nasda signed a strategic cooperation agreement with Teld for collaboration in market and product innovation [21] Group 8 - Jinli Technology plans to reduce its shareholding by up to 978,200 shares, accounting for 0.56% of the total share capital [22][23]

Key Highlights - De Xin Technology does not directly produce solid-state batteries [1] - Gujia Home intends to invest 1.124 billion yuan in the construction of a self-built base in Indonesia [1] - Samsung Medical signed a contract worth approximately 419 million yuan for a smart meter project in Egypt [1] - Keli Sensor plans to acquire 45% of Huahong Technology for 122 million yuan [1] - Huamao Technology has repurchased a total of 6.42% of its shares [1] - BYD's total sales of new energy vehicles reached 373,600 units in August [1] - Great Wall Motors reported total sales of 115,558 units in August, a year-on-year increase of 22.33% [1] - Sheng Tai Group's shareholder Itochu Asia plans to reduce its stake by no more than 3% [1] - Dekoli's Qian Mingying and his concerted action partner Shen Liang plan to reduce their holdings by a total of no more than 2.9957% [1] - Longqi Technology's Suzhou Shunwei plans to reduce its holdings by no more than 4.09% [1] - Tianqi Co., Ltd. signed a strategic cooperation framework agreement with Yiwei Lithium Energy [1] - Yibin Technology received a project designation notice from a domestic new energy vehicle company [1]

Core Viewpoint - JETCHIP has announced the acquisition of 66.25% of Xinhai Coast, a high-speed mixed-signal IC design company, for a total price of 418 million yuan, which strategically fills the gap in JETCHIP's product line, particularly in high-speed interface and clock chip areas [1][4][6]. Group 1: Acquisition Details - JETCHIP directly acquires 20% of Xinhai Coast for 126 million yuan and holds a total of 35.37% through associated funds, ensuring strategic influence via board appointment rights [1][6]. - The acquisition structure allows JETCHIP to avoid financial pressure from a full acquisition while maintaining control through a combination of direct and indirect holdings [6]. Group 2: Strategic Importance - The acquisition of Xinhai Coast complements JETCHIP's existing power management technology, creating a comprehensive solution that addresses the growing demand for high-speed interfaces in AI servers and automotive applications [4][6][7]. - Xinhai Coast's technology, including 112G SerDes IP and ultra-low jitter clock generators, enhances JETCHIP's competitive edge in the AI server power management module market [7]. Group 3: Market Potential - The valuation of Xinhai Coast at approximately 631 million yuan, with a projected revenue multiple of about 8 times for 2024, is below the industry average of 10-12 times, indicating a favorable investment opportunity [8]. - The global AI server market is expected to exceed 60 billion USD by 2025, with a demand growth rate for related interface chips surpassing 50%, highlighting the significant market potential for the combined technologies of JETCHIP and Xinhai Coast [8].

Group 1 - The company, Jiahua, announced on the evening of September 1 that its second supervisory board's thirteenth meeting approved a proposal to apply for a merger loan from a bank by pledging equity of its controlling subsidiary [2]

Core Viewpoint - Jiewa Microelectronics Co., Ltd. plans to acquire a 66.2484% stake in New Port Coast from 16 shareholders for a total price of 417.9656 million yuan, with the aim of enhancing strategic collaboration in product development, technology innovation, market expansion, and supply chain synergy [1][2] Group 1 - Jiewa will acquire 20% of New Port Coast for 126.1818 million yuan, while its partners will acquire 38.3233% and 7.9251% for 241.7838 million yuan and 50 million yuan respectively [1] - After the transaction, Jiewa will hold a total of 35.3677% of New Port Coast's equity and will appoint one director to the board [1] - The transaction will result in New Port Coast having no actual controlling shareholder, thus it will not be included in Jiewa's consolidated financial statements [1] Group 2 - The investment in New Port Coast aligns with Jiewa's development strategy and aims to significantly enhance core competitiveness through strategic synergies [2]

Core Viewpoint - The company, Jiewate (688141), is set to acquire a 66.25% stake in Xinguang Haian from 16 transferors for a total price of 418 million yuan, with the aim of enhancing strategic collaboration in product development, technology innovation, market expansion, and supply chain synergy [1]. Group 1: Transaction Details - Jiewate plans to acquire 20% of Xinguang Haian for 126 million yuan, while Jianda Partnership will acquire 38.32% for 242 million yuan, and Huijie Partnership will acquire 7.93% for 5 million yuan [1]. - After the transaction, Jiewate will hold a total of 35.37% of Xinguang Haian's shares and will appoint one director to the board, representing one-seventh of the total board seats [1]. - Xinguang Haian will not be consolidated into Jiewate's financial statements as it will remain without a controlling shareholder post-transaction [1]. Group 2: Strategic Rationale - The investment aligns with Jiewate's strategic development goals, aiming to become a significant shareholder in Xinguang Haian and leverage synergies in various operational areas [1]. - Xinguang Haian specializes in high-speed mixed-signal IC design, which complements Jiewate's product offerings in power management and signal chain chips, enhancing the overall product matrix [2]. - The collaboration will focus on joint R&D projects, particularly in high-speed interface products for PCs and servers, and will contribute to the ecosystem of mainstream and domestic main control chips [2]. Group 3: Resource Synergies - The product applications of Xinguang Haian align closely with Jiewate's business, allowing for the development of comprehensive solutions in automotive and computing storage sectors [3]. - Jiewate's supply chain overlaps significantly with that of Xinguang Haian, enabling cost reductions in wafer procurement and improved capacity support through combined business scales [3].

Core Viewpoint - The company, Jiahua Technology (688141.SH), plans to acquire a 66.2484% stake in New Port Coast through a joint investment with Jianda Partnership and Huijie Partnership, aligning with its strategic development goals [1] Group 1: Transaction Details - The total acquisition price for the stake in New Port Coast is 417.9656 million yuan [1] - Jiahua Technology will acquire 20% of New Port Coast for 126.1818 million yuan, Jianda Partnership will acquire 38.3233% for 241.7838 million yuan, and Huijie Partnership will acquire 7.9251% for 50 million yuan [1] - After the transaction, Jiahua Technology will hold a total of 35.3677% of New Port Coast's equity and will appoint one director to the board, representing one-seventh of the total board seats [1] Group 2: Strategic Implications - The investment in New Port Coast is a significant move that aligns with the company's strategic development plan [1] - The transaction aims to enhance collaboration in product development, technological innovation, market expansion, and supply chain synergy, thereby improving core competitiveness [1] - New Port Coast will remain without a controlling shareholder post-transaction, meaning it will not be included in the company's consolidated financial statements [1]

证券代码：688141 证券简称：杰华特 公告编号：2025-054 杰华特微电子股份有限公司 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 表决结果：3票同意、0票反对、0票弃权。 本议案尚需提交股东大会审议。 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）上披露的 《关于联合投资人共同购买新港海岸（北京）科技有限公司部分股份暨关联交易 的公告》（公告编号：2025-051）。 （二）审议通过了《关于质押控股子公司股权向银行申请并购贷款的议案》 一、监事会会议召开情况 杰华特微电子股份有限公司（以下简称"公司"）于2025年8月29日以现 场会议方式召开第二届监事会第十三次会议（以下简称"本次会议"）。根据 《杰华特微电子股份有限公司章程》（以下简称"《公司章程》"）的规定， 本次会议通知以书面通知方式送达。本次会议由公司监事会主席刘国强先生召 集和主持，应参会监事3名，实际参会监事3名。本次会议的召集、召开和表决 情况符合《中华人民共和国公司法》及有关法律法规的规定。 二、监事会会议审议情况 ...